Glossary of Statistical Concepts

The sub-section "Glossary of Statistical Concepts" of the section „Statistics” of the Bank of Latvia website comprises concepts that are frequently used in the sub-sections "Main indicators" and "Descriptions" and their definitions. These concepts are consistent with those of the European Central Bank and the International Monetary Fund.

Financial accounts

Financial accounts is a part of the system of national accounts, comprising outstanding amounts, transactions, revaluation changes due to exchange rate fluctuations, revaluation changes due to price changes and other changes in financial instruments broken down by sector and counterparty sector. The definition of the concept is consistent with Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community.